The possibility of a return to Force India for Nico Hulkenberg has grown.
Tag Archive: Vijay Mallya
Force India has lashed out at F1′s owner CVC, accusing the private equity firm of not being interested in developing the sport.
The financial news agency Bloomberg quoted deputy team boss Bob Fernley as saying new deals that give more money and power to the bigger teams are a “disaster”. “CVC is not interested in developing the sport, it’s interested in making as much money as possible and then selling it,” he said.
Luiz Razia insists he is not losing any sleep, despite coming tantalisingly close to realising his dream of racing in formula one this year.
In fact, he was even the subject of a Marussia media announcement and began testing his 2013 car recently in Spain, only to be let down by a crucial sponsor. “I will sleep tonight, knowing that the failure was circumstantial,” the 23-year-old Brazilian told O Estado de S.Paulo newspaper.
Boss and co-owner Vijay Mallya’s financial problems do not affect Force India, deputy team principal Bob Fernley insists.
This week, it emerged that lenders to Mallya’s failing airline Kingfisher are set to sell the billionaire’s collateral assets as they recall the loans. And the very latest reports are that Force India’s title sponsor Subrata Roy, of the Indian giant Sahara, has had 100 of his and the conglomerate’s bank accounts frozen by the Securities and Exchange Board of India over failing to repay investors.
Narain Karthikeyan has emerged as a surprise contender to fill the final spot on the 2013 grid.
Although the Indian driver and team boss Vijay Mallya have never been the best of friends, the Deccan Chronicle newspaper said Karthikeyan’s sponsor Tata has opened the doors to the Silverstone based team.
Force India has confirmed reports it will not be making a driver announcement prior to the launch of the 2013 car early next month.
It has been reported Adrian Sutil and Jules Bianchi are the frontrunners to join Paul di Resta at the Silverstone based team this season. But amid claims of a financial crisis – which have been strongly denied by the Vijay Mallya-led team – Force India confirmed reports the seat alongside di Resta will be left open for now.
Force India has hit back at claims co-owner Vijay Mallya’s reported financial problems could sink the Silverstone based team.
Citing sources, the Italiaracing magazine had said former Indian billionaire Mallya’s “severe economic difficulties” meant Bernie Ecclestone has “activated a plan to save the team”. The report mentioned the possibility of a return to F1 for Colin Kolles, or even Flavio Briatore.
Force India is in negotiations to revert to Ferrari engine power, according to Italy’s La Stampa newspaper.
The talks between the Silverstone based team and Ferrari are “under way”, the correspondent Cristiano Chiavegato claims. Force India is currently powered by Mercedes’ V8 engine, but Vijay Mallya’s team began its formula one career with customer power supplied by fabled Ferrari.